Supply chain financing platform Cashinvoice said it has closed $3.4 million as part of a Series A round from institutional investors comprising Pravega Ventures, HDFC Bank and existing investor Accion Venture Lab, according to ETtech report. The company has been engaged with HDFC Bank for the last two years to digitise the latter’s internal supply…
Artek US, a leading player in the global specialty chemicals industry and a subsidiary of the Praana Group, has successfully acquired the energy-related division from Kemira, for approximately USD $280 million to form merger with Sterling Specialty Chemicals. The company had revenue in 2023 in excess of $600 million. This acquisition marks a pivotal moment for the…
Quess Corp Ltd, India’s leading business services provider, announced that it has agreed to divest its wholly-owned subsidiary, Qdigi Services Limited, to Onsitego, India’s #1 device-care provider. As part of the transaction, the entire team and business of Qdigi will be transferred to Onsitego. Quess will receive total cash consideration of ₹80 cr., subject to…
Digital-first, sustainable and plant-based home care brand Koparo has raised a funding of Rs 5.2 crore from 4P Capital Partners apart from Rs 70 lakh from Shark Tank India. Aman Gupta, Co-founder, Boat and Vineeta Singh, Co-founder, Sugar have come onboard as investors in the Company. The brand, which has raised the money at the…
Novo Holdings announced its investment in Manipal Hospitals (‘Manipal’), which constitutes Novo Holding’s largest investment in Asia to date. Manipal Hospitals is among the top healthcare providers in India, providing comprehensive curative and preventive care for a multitude of patients within India and from around the globe. Established in 1991 with the launch of its flagship hospital in Bangalore, Manipal has become one…
Evrotrust, Europe’s trusted digital transformation provider, has received a significant investment of €3.3 million from existing clients and private equity fund Silverline Capital. This is just a few months after Evrotrust got recognized as a notified eID scheme by the European Commission. The funding reinforces Evrotrust’s position as a major player in the European digital identity market, a statement said. The company’s services are…
Astrotalk, a Noida-based startup which provides astrology consulting services, is set to raise $20 million in its first institutional funding round from New York-based venture capital firm Left Lane Capital, according to ETtech report. The company will utilise the funds to expand its services geographically, focusing on south India, which presents a large market opportunity…
Khyaal, a Titan Capital-backed startup that focuses on services for senior citizens, has raised $4.2 million in a funding round co-led by 62 Ventures, SVQuad and early-stage venture capital firm Inventus Capital Partners, which has earlier backed firms like Policybazaar and Healthify, according to ETtech report. The round also saw participation from existing investors including…
Healthtech startup Aarogya Tech said it has raised around $1.8 million seed funding round, with $1.5 million in fresh capital led by Hasu P Shah, founder and chairman emeritus of Hersha Hospitality Trust, who will be joining the Aarogya Tech Board, according to ETtech report. The infusion of new funds will accelerate product development, fortify…
Sports tech startup SportVot announced that it has raised Rs 9.4 crore in Series A funding round led by Omidyar Network India, according to ETtech report. Anicut Capital, StartupLynk, Ventana Ventures and existing investors Capital A, Ankur Capital, Sucseed Indovation Fund, Marwah Sports also participated in the funding round. The startup will use the fresh…
Brittman India Pvt. Ltd., a leader in BFSI outsourcing announced its recent strategic stake acquisition in Workex Solutions & Services Pvt. Ltd, a digital disruptor revolutionizing the complete lifecycle of workforce management. This Strategic collaboration strengthens Brittman’s commitment to expanding its presence and enhances its competitive advantage as a key player in the payroll management…
Accenture has made a strategic investment through Accenture Ventures, in Tenchi Security, a third-party cyber risk management company. Accenture will leverage Tenchi’s SaaS platform as a new component of its managed security services offering to help organizations reduce cyber risks across their supply chain, a statement said. Based in São Paulo, Brazil, Tenchi Security’s SaaS platform gives organizations better…
Shutterstock, Inc., a global creative platform connecting brands and businesses to high-quality content, announced the acquisition of Backgrid, a global premier destination for celebrity news, known for supplying top media organizations with real-time content from the world’s top photographers for more than three decades. Through this acquisition, Shutterstock will expand its archive with an additional 30…
AIT Worldwide Logistics, one of the world’s leaders in global supply chain solutions, has acquired Global Transport Solutions Group (GTS), a prominent international freight forwarder specializing in time-critical marine spare parts logistics. Headquartered in the Netherlands, GTS and its more than 600 teammates across 16 locations in Asia, Europe, the Middle East and North America,…
KKR, a global investment firm, announced the final close of KKR Asia Pacific Infrastructure Investors II SCSp, a US$6.4 billion fund focused on infrastructure-related investments across Asia Pacific. At close, the Fund is the largest pan-regional infrastructure fund to have been raised for Asia Pacific. This closely follows KKR’s inaugural Asia Pacific-dedicated infrastructure fund, KKR Asia Pacific Infrastructure Investors SCSp,…